RHB Investment Research Reports
Trading Stocks - Uzma
rhbinvest
Publish date: Wed, 18 May 2022, 10:49 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Uzma is reclaiming the area above its sideways consolidation level of MYR0.48 after it jumped above that yesterday, on stronger trading volume. Bullish pressure above that point is expected to persist towards the recent high of MYR0.505, then MYR0.535. If it falls below the support threshold of MYR0.45, selling pressure may emerge as it sets to break down the consolidation phase – below the 21-day average line.
Source: RHB Securities Research - 18 May 2022
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